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Lux Inds hits record high

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Lux Industries rose 4.09% at Rs 1,085 at 10:52 on BSE, with the stock extending Wednesday's rally triggered by the Mutual Fund purchasing the company's

Meanwhile, the S&P Sensex was up 8.41 points or 0.03% at 31,164.32. The S&P Small-Cap index rose 82.85 points or 0.53% at 15,671.53.

On the BSE, 95,000 were traded on the counter so far as against the average daily volumes of 1.24 lakh in the past two weeks. The stock had hit a high of Rs 1,114 so far during the day, which is a record high. The stock hit a low of Rs 1,039.05 so far during the day. The stock had hit a 52-week low of Rs 570.45 on 18 August 2016.

The stock had outperformed the market over the past one month till 14 June 2017, advancing 26.96% compared with the Sensex's 3.21% rise. The stock had also outperformed the market over the past one quarter, gaining 59.65% as against the Sensex's 5.82% rise. The scrip had also outperformed the market over the past one year, surging 69.56% as against the Sensex's 18.03% rise.

The small-cap company has equity capital of Rs 5.05 crore. Face value per share is Rs 2.

Shares of Lux Industries have risen 20.37% in two trading sessions from its closing of Rs 901.35 on 13 June 2017, after the Mutual Fund purchased bulk shares of the company via bulk deal on Tuesday, 13 June 2017. The stock had spurted 15.64% to settle at Rs 1,042.35 yesterday, 14 June 2017.

Valuead Securities sold 5.62 lakh shares of apparel firm Lux Industries at Rs 901.64 per share in a bulk deal on the on 13 June 2017. Mutual Fund bought 4.44 lakh shares at Rs 900.4 per share.

Valuead Securities held 2.23% stake in Lux Industries end March 2017.

Lux Industries' net profit rose 26.9% to Rs 19.59 crore on 3.6% growth in net sales to Rs 279.57 crore in Q4 March 2017 over Q4 March 2016.

Lux Industries makes various kinds of hosiery products for men, women and children.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, June 15 2017. 10:54 IST